We often hear data on how much bad hire costs you and your company. About 3x the person’s annual salary.

But how much did the interview process itself cost?

For a startup to make a hire, the company spends about 73 total hours interviewing. With the most significant cost being 30 hours of the production team's combined time. And this is assuming that 6 people make it through a full interview to get to the hire.

We have to ask ourselves, can we really afford to lose almost 4 days of productive activity to interview? Roughly $9,855 per role, not including candidate marketing or recruiting fees. 

As a small business, the answer is NO!

Guest Bio:

Rocky Lalvani of Profit Comes First, serves as Chief Profitability Adviser for business owners. He teaches them how to ensure they get paid and make profit a priority! As a certified Profit First Professional he implements Mike Michalowicz's Profit First System.  

Rocky started with nothing when his parents immigrated to the United States when he was two years old, and his parents were in their 40's. It was his parents' second time starting over in life as they moved here to experience the American dream. 

In spite of a lot of struggles and his mom passing away when Rocky was 7, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster.

Today we discuss:

Challenges today?

Why is this important to the company?

Rick’s Nuggets

How do we solve the problem? 

We change the accounting formula of Sales - Expenses = Profit to Sales - Profit = Expenses.  This ensures Profit comes first! (PS. It's not about money at all costs, people come before money!)

Rick’s Nuggets

Key Takeaways that the Audience can plug into their business today! (Value):

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Host Links:

Show Sponsor:

www.stridesearch.com